Apply for the VP Trust Compliance & Risk Officer position
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Private bank located in Midtown Manhattan looking to bring on a “VP Trust Compliance & Risk Officer” to join their team. This role is currently in a hybrid schedule (3 days per week).
Responsibilities:
•Responsible for compliance and risk management for the Bank’s Investment Management Division/Trust Department
•Monitor and ensure compliance with applicable federal and state fiduciary, securities, investment regulations, ERISA, FDIC and New York State Banking regulatory requirements, BSA/AML regulations and DOL reporting and filing requirements
•Periodically review and monitor compliance with Trust department policies and procedures, including but not limited to fixed income and equity portfolio management, broker/dealers, etc.
•Ensure appropriate and effective policies are in place for all trust operational and investment processes
•Review and approve all new portfolio/account openings to ensure all proper legal documents are obtained per internal policy and regulatory requirements
•Coordinate preparation of compliance and risk management related oversight committee meeting materials to ensure timely and accurate reporting to oversight committees.
•Supervise investment and administrative account reviews to ensure significant issues are reported to oversight committees
•Review the system of internal controls in place to safeguard trust assets as appropriate
•Conduct compliance monitoring for internally managed fixed income and equity accounts for reporting to oversight committee meetings
•Conduct periodic training with Trust personnel concerning regulatory requirements
•Responsible for assisting vendor management with Trust department vendors, which includes requesting quarterly compliance certification from sub-advisors, reporting results to management and oversight committees and evaluating the adequacy of due diligence on new Trust related vendors